US stocks wavered on Friday as worries over a global IT outage calmed, with Wall Street looking for recovery from a sell-off that saw the Dow snap a run of wins and a tech rout continue. The Dow Jones Industrial Average slipped 0.2%, coming off a drop of over 1% for the blue-chip index. The S&P 500 hovered around the flatline, while the tech-heavy Nasdaq Composite slipped 0.2%.
In the early hours, investors assessed the potential impact of an "unprecedented" failure in computer systems worldwide that grounded flights and hit banks, telecoms and media companies, among others. But concerns eased after CrowdStrike said a fix was in place for the glitch, a botched update that affected Microsoft-based systems. CrowdStrike shares plunged as much as 20% as the outage spread, but pared losses to around 12% after the update.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stocks rise, Dow eyes fresh record as bets on Trump ramp upAnother week of gains followed volatile trading on Wall Street as inflation data cemented September rate hikes and big Wall Street banks kicked off second...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 pointsStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Dow futures slip in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures rise, Dow eyes fresh record as bets on Trump ramp upAnother week of gains followed volatile trading on Wall Street as inflation data cemented September rate hikes and big Wall Street banks kicked off second...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Dow surges to all-time high, stocks close in the greenThe Dow Jones Industrial Average (^DJI) leads the way for market gains this session, closing by 0.53% higher — or 210 points — to reach a new all-time high. ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks mixed at open: Dow dips, S&P 500 rides record highStocks open Monday's session mixed: the Dow Jones Industrial Average (^DJI) dipping as the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) make more moves...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »